If I’m to be really honest, I don’t think it will be easy for anyone to exactly predict what the price of Bitcoin will look like between now till 2029, because I believe there are so many factors that actually impact the price of Bitcoin from now till then. There have been a lot of ups and downs with bitcoin throughout the cycle, so it's not possible to predict what will happen in the future based on what happened in the past.
As far as I’m concerned, it will be better if every investor concentrate on how the market grows overtime than to make any investment based on some price target. This Bitcoin price action could come as a shock either way, so don't make conclusions too soon based on the present trend of Bitcoin.
nobody can predict exact price of bitcoin down the road, that goes without saying. none of us has a crystal ball either.
but that is exactly why we have prediction thread like this, so everyone can make their own call based on their own research and understanding.
predicting is part of investing anyway. so there is nothing wrong with putting out a price target and sharing what you expect, as long as we all keep in mind it's just a guess, not a guarantee.
I totally get what you are saying and I agree, and truly there’s nothing wrong with investors sharing their personal price expectations. But my only worry is more about the impact that such predictions can have on people's investment choices. In some cases the investor gets attached to a specific price target and begins to make decision on whether the market is increasing or decreasing towards their price expectation.
I think it's very okay for everyone to make their predictions base on what they’re expecting, but at the same time we have to keep in mind there's a chance the market could go in a totally different direction. And in most cases, when such start to happen the investors gets discouraged or probably even starts to panic.
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